Mirae Asset Global Investments Co. Ltd. Reduces Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Mirae Asset Global Investments Co. Ltd. reduced its holdings in Carlisle Companies Incorporated (NYSE:CSL) by 77.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 650 shares of the conglomerate’s stock after selling 2,186 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Carlisle Companies were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sylvest Advisors LLC grew its stake in shares of Carlisle Companies by 7.0% in the 1st quarter. Sylvest Advisors LLC now owns 2,093 shares of the conglomerate’s stock worth $713,000 after buying an additional 137 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Carlisle Companies by 8.4% in the 1st quarter. Bessemer Group Inc. now owns 504,790 shares of the conglomerate’s stock worth $171,880,000 after buying an additional 39,329 shares in the last quarter. Spire Wealth Management grew its stake in shares of Carlisle Companies by 2.8% in the 1st quarter. Spire Wealth Management now owns 1,960 shares of the conglomerate’s stock worth $667,000 after buying an additional 54 shares in the last quarter. Daymark Wealth Partners LLC purchased a new position in shares of Carlisle Companies in the 1st quarter worth $879,000. Finally, YHB Investment Advisors Inc. lifted its holdings in shares of Carlisle Companies by 3.1% in the 1st quarter. YHB Investment Advisors Inc. now owns 19,134 shares of the conglomerate’s stock worth $6,515,000 after acquiring an additional 580 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Trading Up 0.5%

NYSE CSL opened at $397.81 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.69 and a current ratio of 2.58. The company has a market capitalization of $17.21 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.19 and a beta of 1.03. The company’s 50-day simple moving average is $382.06 and its two-hundred day simple moving average is $366.20. Carlisle Companies Incorporated has a one year low of $311.41 and a one year high of $481.26.

Carlisle Companies (NYSE:CSL) last posted its earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.53 by $0.08. Carlisle Companies had a net margin of 25.24% and a return on equity of 35.93%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm posted $3.72 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. Equities analysts forecast that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Monday, May 19th. Carlisle Companies’s payout ratio is currently 14.89%.

Wall Street Analyst Weigh In

CSL has been the subject of several analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Carlisle Companies in a report on Tuesday, June 24th. They issued an “overweight” rating and a $500.00 target price for the company. Robert W. Baird raised their target price on shares of Carlisle Companies from $455.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. Zelman & Associates upgraded shares of Carlisle Companies from an “underperform” rating to a “neutral” rating in a report on Monday, April 14th. Truist Financial decreased their price objective on shares of Carlisle Companies from $420.00 to $390.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Carlisle Companies from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $461.67.

Carlisle Companies Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.